Mitsui Fudosan to acquire Tokyo Dome via $1.16 billion tender offer

Property developer Mitsui Fudosan Co. said Friday it will acquire Tokyo Dome Corp. through a 120.52 billion yen ($1.16 billion) tender offer to help the operator of a major indoor ballpark in Japan fend off growing pressure from a Hong Kong-based fund.The plan came as Tokyo Dome, which also runs an amusement park and a hotel next to the stadium, the home ground of professional baseball team Yomiuri Giants, has faced calls from activist investor Oasis Management Co. for a management change to improve its business and Mitsui Fudosan emerged as a white knight.Offering 1,300 yen per Tokyo Dome …READ FULL ARTICLE